Mercury Ev-Tech Limited

Mercury Ev-Tech Limited (MERCURYEV) is a micro-cap Automobile and Auto Components company valued at ₹695 crore operating in Passenger Cars & Utility Vehicles on the NSE and BSE.

Recent price move

Mercury Ev-Tech Limited last traded at ₹36.26, modestly up 0.33% on the day.

Recent developments

2026-06-30: The company reported a net profit of ₹2 crore for the latest quarter, up from ₹1 crore in the same quarter a year earlier. 2026-06-30: Foreign institutional holding fell by 0.74 percentage points to 1.70%, while promoter holding remained at 59.18%.

Financial performance

The company's business is growing, with revenue rising 66.8% annually over three years and 152.2% over five years. The latest quarter saw revenue increase 47.9% year-over-year to ₹33 crore, while net profit rose 22.8% to ₹2 crore. However, the net profit margin remains low at 3.9%, and return on equity is weak at 1.5%.

Valuation multiples

The stock trades at 164.8 times earnings, 2.34 times book value.

Things to watch

The company has not paid any dividends despite reporting profits. The net profit margin is low at 3.9%, and return on equity is weak at 1.5%. The stock is 15.9% below its 52-week high, and the latest price is ₹37.06, down 2.91% from the previous day.

Where it stands

Mercury Ev-Tech Limited has shown strong revenue growth, with a 152.2% CAGR over five years, but its profitability remains limited. The latest quarter saw net profit rise 22.8% to ₹2 crore, but the company continues to underperform on returns. The stock is 15.9% below its 52-week high, and no dividends have been paid despite repeated profits.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.